Derivative Liabilities

12 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative liabilities

25. Derivative Liabilities

The derivative liability is derived from the conversion features in note 22 and stock warrant in note 24. All were valued using the weighted-average Binomial option pricing model using the assumptions detailed below. As of June 30, 2021 and 2020, the derivative liability was $2,217,361 and $5,597,095, respectively. The Company recorded $1,087,485 gain and $1,442,295 loss from changes in derivative liability during the year ended June 30, 2021 and 2020, respectively. The Binomial model with the following assumption inputs:

	June 30, 2020
Annual Dividend Yield		—
Expected Life (Years)		0.50-1.00
Risk-Free Interest Rate		0.16-2.10	%
Expected Volatility		113-175	%

	June 30, 2021
Annual Dividend Yield		—
Expected Life (Years)		0.50-3.00
Risk-Free Interest Rate		0.01-0.46	%
Expected Volatility		89-236	%

Fair value of the derivative is summarized as below:

Beginning Balance, June 30, 2020	$	5,597,095
Additions	$	2,663,892
Mark to Market	$	(230,573	)
Cancellation of Derivative Liabilities Due to Cash Repayment	$	(856,910	)
Reclassification to APIC Due to Conversions	$	(4,956,143	)
Ending Balance, June 30, 2021		2,217,361